Zurcher Kantonalbank Zurich Cantonalbank Trims Holdings in Banco Santander-Chile (NYSE:BSAC)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in Banco Santander-Chile (NYSE:BSAC - Free Report) by 60.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,951 shares of the bank's stock after selling 163,062 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Banco Santander-Chile were worth $1,979,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Itau Unibanco Holding S.A. grew its stake in shares of Banco Santander-Chile by 79.6% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 296,922 shares of the bank's stock valued at $6,164,000 after acquiring an additional 131,637 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Banco Santander-Chile during the 3rd quarter valued at approximately $1,724,000. JPMorgan Chase & Co. increased its position in shares of Banco Santander-Chile by 2.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,927,417 shares of the bank's stock valued at $81,533,000 after purchasing an additional 75,888 shares during the last quarter. State Street Corp increased its position in shares of Banco Santander-Chile by 25.3% during the 3rd quarter. State Street Corp now owns 293,049 shares of the bank's stock valued at $6,084,000 after purchasing an additional 59,215 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Banco Santander-Chile during the 3rd quarter valued at approximately $902,000. 6.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Bank of America downgraded Banco Santander-Chile from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $22.00 to $21.00 in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $21.33.

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Banco Santander-Chile Stock Down 1.4 %

Shares of NYSE BSAC traded down $0.32 during mid-day trading on Thursday, reaching $22.90. 331,717 shares of the company were exchanged, compared to its average volume of 270,271. The firm has a 50-day moving average of $21.24 and a 200 day moving average of $20.21. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70. Banco Santander-Chile has a 1 year low of $17.73 and a 1 year high of $23.92. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 0.96 and a beta of 0.83.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The bank reported $0.61 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.05). Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. On average, research analysts expect that Banco Santander-Chile will post 2.07 earnings per share for the current year.

About Banco Santander-Chile

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services.